So if the average rent is between $1.6k and 2.2k, I can probably get away with between total cost per month @$2.6k and $3.2k.With all this being said - my favorite town is East Rutherford which seems to hit all of my criteria (+low property taxes) based on my initial internet research.

We do the vacationers here, @Paul Sandhu, I know your clientele from your posts...my favorite quote of yours is "Think Hugh Hefners bedroom"!!

One of my favorite test I like to give is for the investor to explain how they would make money in a tertiary market like Wilkes-Barre/Scranton versus say a primary market like NYC.

Since there is no free lunch, what is your least favorite part of being an out-of-state landlord?

Which is your favorite BP podcast show and why??

If you can get a private loan from someone you know or meet, that's our favorite way (we usually pay 8-9% percent interest-only with no points).

You could talk with you favorite owners about your desire to partner with them on their next deal.

The Power of Real Estate & My Favorite Story From My Career: In 2008 the foreclosure crises was beginning and I started purchasing foreclosures in Ypsilanti, MI, I made an offer on just about every one that hit the market and I was on a roll.

In the case of PA it's first come first serve, so today being the deadline to apply, it's also a gamble whether I will even get $750.

@Ben Rhodin what are your favorite meetups to attend?